A strong bullish trend is once again being witnessed in the Pakistan Stock Exchange (PSX) today, as a result of which the index has reached a new all-time high.
During trading, the stock market saw an increase of over 1,700 points, and for the first time, the Stock Exchange crossed the milestones of 139,000 and 140,000 points. The 100 Index surged by 1,763 points to reach a record level of 140,428 points.
It is worth noting that in the first 18 days of July, the Karachi Stock Market has broken records of highs every single day. Since July 1st, the stock market has risen by 12,000 points.
The new fiscal year and its first month have so far proven to be remarkable for the stock market. This month alone, the stock market climbed from 128,000 points to 140,000 points.
Yesterday as well, a strong bullish trend was observed in the Pakistan Stock Exchange, pushing the index to a new all-time high. On Thursday, trading in the stock market began with a sharp surge of 932 points, bringing the KSE-100 Index to 137,312 points.
Later, the bullish trend continued, reflecting restored investor confidence, with a total gain of 1,728 points. As a result, the 100 Index touched a new all-time high of 138,108 points.
